At 16:00 on November 9th EDT (Beijing time at 5:00 on November 10), the Dow Jones Industrial Average fell 60.09 points to close at 11,346.75 points, down 0.53%; the Nasdaq composite index fell 17.07 points, to close at 2,562.98 points, down 0.66%; Standard & Poor's 500 index fell 9.85 points to close at 1,213.40 points, down 0.81%.
Telecommunications and energy sector to become among the S & P 500 index rose only two plates. Financial sector fell 1.6%, to become the worst of the plate.
Gold futures prices yesterday continued to climb after the break through $ 1,400. Although in nominal dollar terms the gold price to its highest value, however, account for inflation, the current gold price is still well below the level of the early 1980s.
U.S. economic data front, U.S. September wholesale inventories increased more than expected than doubled. This data raised the confidence of investors, who thus believe that, with the sustained economic recovery, business demand will continue to increase.
The United States in October to improve small business activity index and the creation of employment figures began to increase once the news boosted sentiment. American Independent Business Association (NFIB) reports that small business optimism index for October increased 2.7 to 91.7 points. But the agency said, "According to our index since 1973, the value point of view, this value is still in recession level."
NFIB report also for the injection of 600 billion U.S. dollars the Fed to stimulate economic growth in the United States put forward the latest criticism of the practice, saying the Fed to continue to take the quantitative easing policy "is to be highly questionable policy." The Fed's plan is also caused controversy worldwide, it received the support of Obama, but were China, Russia and the euro zone's opposition.
G20 meeting will be held Wednesday night in Seoul, on the quantitative easing policy of the United States and discussions are heating up. At the G20 meeting, Germany and China and the United States and other exporting countries are working out of the economic recession and high unemployment state will be the final showdown between the countries. Before the meeting, the official United States and Germany has been very obvious tensions.
European stock markets closed higher on Tuesday. New York gold futures rose 0.5%, to close at $ 1,410.10 an ounce. Crude oil futures ended down 0.4%, to close at $ 86.72 a barrel.
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